Part 5/13:
The Role and Flaws of Pension Funds
A skeptical view is raised regarding the efficacy of current pension funds, suggesting they may be partly a facade of mismanagement. These funds often make suboptimal investments, heavily managed by large firms like BlackRock, which charge substantial fees but do little to benefit the average investor. As AI and capital allocations become even more critical, the importance of correctly directing investments will far surpass traditional diversification strategies.